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What Growth Opportunities are Expected to Drive the Personalized Medicine Market’s CAGR Through 2034?

In recent years, the size of the personalized medicine market has seen significant expansion rapidly. It’s estimated to rise from $386.27 billion in 2024 to $426.82 billion in 2025, showcasing a compound annual growth rate (CAGR) of 10.5%. Several factors have contributed to this growth during the historic period, including the emergence of companion diagnostics, the rise of patient-focused healthcare, a shift in drug development paradigms, containment of healthcare costs, and an increase in chronic disease prevalence.

In the coming years, the market size of personalized medicine is predicted to experience rapid expansion. The projected growth is to reach $662.67 billion by 2029, with a compound annual growth rate (CAGR) of 11.6%. Several factors contribute to this growth, including the ongoing advancements in genomics, increased discovery of biomarkers, wider adoption of telemedicine, supportive regulatory authority and frameworks, as well as cooperation and data sharing. Key trends for this period encompass the incorporation of artificial intelligence (AI), progress in genomic sequencing, integration and analysis of data, immunotherapy, targeted treatments, patient empowerment, informed decision making, and strategic alliances and partnerships.

Which Drivers Are Expected to Have the Greatest Impact on the personalized medicine Market’s Growth?

The growth of the personalized medicine market is anticipated to be driven by the increasing occurrences of rare diseases. This boost is linked to the surge in the number of individuals diagnosed with conditions such as Klinefelter Syndrome, Aarskog Syndrome, and Abetalipoproteinemia. Personalized medicine provides treatments designed to meet the distinct needs of patients with rare diseases. For example, the Genetic Alliance UK, a national charity supporting those affected by genetic, rare, and undiagnosed conditions, reported in February 2024 that there are 3.5 million people in the UK living with a rare condition, with 1 in 17 subject to a rare condition at some stage in their lives. Therefore, as the prevalence of rare diseases keeps rising, it is driving the growth of the personalized medicine market.

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What Are the Leading Industry Players Dominating the Personalized Medicine Market?

Major companies operating in the personalized medicine market include:

• Bayer AG_x000D_

• Novartis AG_x000D_

• Thermo Fisher Scientific Inc._x000D_

• GlaxoSmithKline plc_x000D_

• AstraZeneca plc_x000D_

What Are the Latest Trends Leading to Disruption in the Personalized Medicine Market?

Technological progress is a growing trend in the personalized medicine market. To maintain their market position, major companies in this field are implementing new technologies. For example, OM1, a healthcare company based in the US that uses real-world data and artificial intelligence (AI) to support healthcare providers, obtained a patent for an AI-powered platform designed to fast-track personalized medicine in April 2023. This technology uses large-scale data analysis to create useful insights related to diagnoses, disease progression, and treatment responses. The importance of this technology is seen in its ability to provide customized healthcare information, improve decision-making for healthcare providers, and accelerate clinical trials by identifying appropriate candidates in a more efficient manner, all of which drive forward the development of personalized medicine in the market.

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What Are the Core Categories and Segments in the Personalized Medicine Market Driving Demand and Growth?

The personalized medicine market covered in this report is segmented –

1) By Product: Personalized Medicine Diagnostics, Personalized Medicine Therapeutics, Personalized Medical Care, Personalized Nutrition and Wellness

2) By Application: Oncology, Neurology, Blood Transfusion Safety, Diabetes, Autoimmune Diseases, Cardiology, Other Applications

3) By End-use: Hospitals, Diagnostic Centers, Research and Academic Institutes, Other End-Users

Subsegments:

1) By Personalized Medicine Diagnostics: Genetic Testing, Biomarker Testing, Companion Diagnostics, Molecular Imaging

2) By Personalized Medicine Therapeutics: Targeted Therapies, Gene Therapies, Monoclonal Antibodies, Cell and Gene Therapy Products

3) By Personalized Medical Care: Tailored Treatment Plans, Patient-Centric Care Models, Digital Health Solutions, Remote Patient Monitoring

4) By Personalized Nutrition And Wellness: Nutrigenomics, Customized Diet Plans, Supplement Personalization, Lifestyle Modification Programs

Which Regions Are Significant to the Growth of the Personalized Medicine Market?

North America was the largest region in the personalized medicine market in 2024. Asia-pacific is expected to be the fastest-growing region in the global personalized medicine market during the forecast period. The regions covered in the personalized medicine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

How Is the Personalized Medicine Market Classified and Defined in Market Analysis?

Personalized medicine is tailoring medical treatment to an individual’s specific genetic, environmental, and lifestyle factors by considering an individual’s unique characteristics to help prevent, diagnose, and treat disease. It seeks to deliver the correct therapies to the right patients at the right time.

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